Discontinued — last reported Q4 '24
Oilfield Services & Equipment and Industrial & Energy Technology — Cost
Baker Hughes Oilfield Services & Equipment and Industrial & Energy Technology — Cost remained flat by 0.0% to -$5.30B in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 8.6%, from -$4.88B to -$5.30B. Over 2 years (FY 2022 to FY 2024), Oilfield Services & Equipment and Industrial & Energy Technology — Cost shows a downward trend with a 14.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression, while a decrease relative to revenue indicates improved operational efficiency or lower input costs.
Detailed definition
This metric encompasses the direct costs associated with delivering oilfield services, manufacturing equipment, and prov...
Peer comparison
Comparable to cost of goods sold or cost of services for peers in the energy equipment and industrial services sector.
bkr_segment_oilfield_services_equipment_and_industrial_energy_technology_costHistorical Data
| FY'22 | FY'23 | FY'24 | |
|---|---|---|---|
| Value | -$16.13B | -$19.50B | -$21.19B |
| YoY Change | — | -20.9% | -8.6% |
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Frequently Asked Questions
- What is Baker Hughes's oilfield services & equipment and industrial & energy technology — cost?
- Baker Hughes (BKR) reported oilfield services & equipment and industrial & energy technology — cost of -$5.30B in Q4 2024.
- How has Baker Hughes's oilfield services & equipment and industrial & energy technology — cost changed year-over-year?
- Baker Hughes's oilfield services & equipment and industrial & energy technology — cost decreased by 8.6% year-over-year, from -$4.88B to -$5.30B.
- What is the long-term trend for Baker Hughes's oilfield services & equipment and industrial & energy technology — cost?
- Over 2 years (2022 to 2024), Baker Hughes's oilfield services & equipment and industrial & energy technology — cost has grown at a 14.6% compound annual growth rate (CAGR), from -$16.13B to -$21.19B.
- What does oilfield services & equipment and industrial & energy technology — cost mean?
- The total direct expenses incurred to produce the goods and services sold by the business segment.